Railways auction yields mixed results (opens original article in a new tab)

Pakistan Railways' latest outsourcing auction yielded mixed results, with only five of 15 passenger trains securing bids, as private companies showed limited interest due to financial concerns.

• Pakistan Railways failed to attract private operators for most of the 15 passenger trains offered in a recent auction
• Only five trains received successful bids, with 10 trains remaining unoutsourced due to limited private sector participation
• Railway officials cited concerns over financial viability and high benchmark rates as reasons for the lack of interest from companies